The Modern Commissioners
A rarely-varied system has evolved since then. Today, the First Lord of the Treasury is as a rule the Prime Minister, and the Second Lord of the Treasury is the Chancellor of the Exchequer, who has inherited most of the functional financial responsibilities. Next rank the "Junior Lords of the Treasury" who, though theoretically members of the Treasury Board, in practice serve as Government Whips under the Parliamentary Secretary to the Treasury (Chief Whip).
Current commissioners consist of the Rt Hon David Cameron and George Osborne; with junior lords as Desmond Swayne MP, Anne Milton MP, Mark Lancaster MP, David Evenett MP Robert Goodwill MP, and Stephen Crabb MP.
Read more about this topic: Lord High Treasurer
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